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Economic news

Japan must promote wage, investment growth, says PM Kishida

08/13/2024

Less than a minute

2024.08.13 23:05

© Reuters. Japan's Prime Minister Fumio Kishida speaks during a press conference at the prime minister's office in Tokyo on August 14, 2024. Kishida confirmed on August 14 that he will not seek re-election as head of his party next month, meaning the end of his premiership. PHILIP FONG/Pool via REUTERS

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Wednesday the government must continue to promote growth in wages and investment to make a full exit from a deflation-prone economy.

Kishida made the remark at a news conference, where he said he would step down as ruling party leader and not run in the party’s leadership race expected in September.

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08/13/2024

Less than a minute